Transferring to an ii SIPP from your Pension Trading Account

If you would like to keep the cash and assets you have within your PTA on the ii platform, you can to transfer them into an ii SIPP. You can choose to transfer just the assets within your PTA and run an ii SIPP alongside your existing pension, or choose to transfer all of your pension to ii, if the ii SIPP is suitable for all of your needs. This can be to a new or existing ii SIPP and can be done online. This page contains details of how to apply for a SIPP and begin the transfer process. More details about the ii SIPP can be found via the useful links at the top of this page.

The ii SIPP is aimed at people who have sufficient knowledge and experience of investing to make their own investment decisions. Other types of pensions may be more appropriate.

The value of investments made within a SIPP can fall as well as rise and you may end up with a fund at retirement that’s worth less than you invested. You can normally only access the money from age 55 (age 57 from 2028).

You should ensure that you won't lose any valuable benefits – this could include guaranteed annuity rates or a lower protected pension age than the Normal Minimum Pension Age.

You should also find out what exit fees you might have to pay, before starting your transfer.

If you are unsure about the suitability of a SIPP or transferring any existing pension plan(s) into a SIPP, you should seek advice from an authorised financial advisor.

How to make the transfer 

If you currently only have a Pension Trading Account with ii:

1. Go to https://www.ii.co.uk/account-opening/sipp-account and complete the simple online process to apply for an ii SIPP. N.B. You will need to use an email address for your SIPP that is different from the one registered to your Pension Trading Account.
2. Once the account has been opened, please initiate a transfer in request via your new SIPP account by going to the 'cash and transfers' menu and following our online journey.
   Please note that when asked for your ‘existing pension provider’, this should be the name of the trustees of your current pension scheme. Please also provide any account references you have from your current pension provider, along with your ii Pension Trading Account number.
3. When you submit your transfer request, you will be able to download a transfer in form generated from the details you have entered.
4. We will contact you within 1-2 working days if we require any further information from you.

   You can find more information about transferring your pension to an ii SIPP here.

   Depending on the status of your current pension provider and your pension with them, it may be possible for your transfer to be completed electronically, without the need for any paper forms.

   If your transfer cannot be completed electronically, we will advise what forms are necessary and how to complete and return them to us.

If you currently do not have a ii SIPP, but do have an ii ISA and/or Trading Account:

1. From the 'account' menu within your online account, select 'Add an account', choose to add a SIPP and complete the simple online process to apply for an ii SIPP.
2. Once the account has been opened, please initiate a transfer in request via your new SIPP account by going to the 'cash and transfers' menu and following our online journey..

   Please note that when asked for your ‘existing pension provider’, this should be the name of the trustees of your current pension scheme. Please also provide any account references you have from your current pension provider, along with your ii Pension Trading Account number.

3. When you submit your transfer request, you will be able to download a transfer in form generated from the details you have entered.
4. We will contact you within 1-2 working days if we require any further information from you.

You can find more information about transferring your pension to an ii SIPP here.

Depending on the status of your current pension provider and your pension with them, it may be possible for your transfer to be completed electronically, without the need for any paper forms..

If your transfer cannot be completed electronically, we will advise what forms are necessary and how to complete and return them to us.

If you already have an ii SIPP account:

1. Please initiate a transfer in request via your SIPP account by going to the 'cash and transfers' menu and following our online journey.

   Please note that when asked for your ‘existing pension provider’, this should be the name of the trustees of your current pension scheme. Please also provide any account references you have from your current pension provider, along with your ii Pension Trading Account number.

2. When you submit your transfer request, you will be able to download a transfer in form generated from the details you have entered.
3. We will contact you within 1-2 working days if we require any further information from you.

You can find more information about transferring your pension to an ii SIPP here.

Depending on the status of your current pension provider and your pension with them, it may be possible for your transfer to be completed electronically, without the need for any paper forms.

If your transfer cannot be completed electronically, we will advise what forms are necessary and how to complete and return them to us.